Torstein Hagen Net Worth

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Torstein Hagen is a Swiss-Norwegian businessman who founded Viking Cruises in 1997 with four Russian ships. His fleet has since grown to 62 vessels, which bring tourists to Europe, Egypt, and China. In 2016, Hagen sold a 17% stake of Viking River to TPG Capital and the Canada Pension Plan Investment Board for $500 million, valuing his company at nearly $3 billion. Hagen holds an MBA from Harvard and is a former partner at McKinsey & Co.
Torstein Hagen is a member of Service

Age, Biography and Wiki

Birth Year	1943
Birth Place	Lucerne, Switzerland, Norway
Age	80 YEARS OLD
Residence	Lucerne, Switzerland
Alma mater	Norwegian Institute of Technology Harvard University
Occupation	Founder & chairman, Viking Cruises
Years active	1974–present
Spouse(s)	Ellen-Karine Hagen (div. 2017)
Children	2

💰 Net worth: $1.4 Billion (2024)

Torstein Hagen, a well-known figure in Norway, has garnered significant wealth over the years. As of 2024, his net worth is estimated to be an impressive $1.4 billion. Hagen has made a name for himself in the service industry, leaving a mark not only in Norway but also internationally. With his entrepreneurial skills and dedication, he has built an empire that has propelled him to great financial success. Hagen's achievements showcase his business acumen and highlight his contribution to the service sector.

Biography/Timeline

1968

Hagen was born and raised in Norway. He earned a degree in physics at the Norwegian Institute of Technology and an MBA from Harvard Business School in 1968.

1974

Hagen was a consultant, and later partner, for McKinsey & Company in Europe, helping to bring Holland America Line back from near-bankruptcy in 1974. In 1976, he became CEO of Bergen Steamship Company (Bergenske Dampskibsselskab), and then became CEO of Royal Viking Line from 1980 to 1984. He joined the board of Holland America Line in 1985, and later served on the board of Kloster Cruise. In the early 1990s, he acquired a 27% stake in Royal Nedlloyd, a Rotterdam-based shipping company, becoming the biggest shareholder. He sold his shares several years later at a loss.

1997

In 1997, Hagen founded Viking River Cruises with the purchase of four river ships, launching the company with four Russian river cruises. In May 2013, the company announced plans to start an ocean cruise division, and changed its name to Viking Cruises. Its first ocean cruise was launched in 2015. As of 2017, the company has a fleet of over 60 vessels, and four ocean going ships.

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Tags 1943 births Living people Norwegian billionaires Norwegian expatriates in Switzerland Norwegian Institute of Technology alumni Harvard Business School alumni Norwegian chief executives